FORTH PORTS LIMITED
Owned by the Public Sector Pension Investment Board, the company is a major UK port operator managing commercial ports across Scotland and England, including the Port of Tilbury.
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Cash
£22M
-65.2% lowest in 3 filed years
Net assets
£505M
-0.6% lowest in 3 filed years
Employees
1,262
+4.4% highest in 3 filed years
Profit before tax
£74M
+5.7% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £321,000,000 | £334,600,000 | £356,000,000 | +6.4% | |
| Operating profit | £165,900,000 | £114,800,000 | £127,900,000 | +11.4% | |
| Profit before tax | £134,600,000 | £69,600,000 | £73,600,000 | +5.7% | |
| Net profit | £106,700,000 | £54,400,000 | £54,400,000 | 0% | |
| Cash | £34,700,000 | £62,100,000 | £21,600,000 | -65.2% | |
| Total assets less current liabilities | £1,851,900,000 | £1,961,700,000 | £1,933,800,000 | -1.4% | |
| Net assets | £858,300,000 | £507,500,000 | £504,700,000 | -0.6% | |
| Equity | £858,300,000 | £507,500,000 | £504,700,000 | -0.6% | |
| Average employees | 1,231 | 1,209 | 1,262 | +4.4% | |
| Wages | £64,200,000 | £66,700,000 | £71,600,000 | +7.3% | |
| Directors' remuneration | £3,100,000 | £2,700,000 | £1,900,000 | -29.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 51.7% | 34.3% | 35.9% | |
| Net margin | 33.2% | 16.3% | 15.3% | |
| Return on capital employed | 9.0% | 5.9% | 6.6% | |
| Gearing (liabilities / total assets) | — | 75.2% | 75.9% | |
| Current ratio | 1.94x | 1.90x | 0.79x | |
| Interest cover | 3.27x | 2.10x | 2.26x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- FORTH PORTS LIMITED 2011-06-02 → present
- FORTH PORTS PUBLIC LIMITED COMPANY 1991-10-24 → 2011-06-02
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making appropriate enquiries, the Directors have concluded that the Group will be able to meet its financial obligations for the foreseeable future and therefore have a reasonable expectation that the Company and the Group overall have adequate resources to continue in operational existence for the foreseeable future (being at least one year following the date of approval of these financial statements) and, accordingly, consider it appropriate to adopt the going concern basis in preparing the financial statements.”
Group structure
- FORTH PORTS LIMITED · parent
- International Transport Limited 100%
- Port of Tilbury London Limited 100%
- London Container Terminal (Tilbury) Limited 100%
- Forth Estuary Towage Limited 100%
- Forth Ports Finance PLC 100%
- Port of Dundee Limited 100%
- Targe Towing Limited 100%
- AF Dundee Limited 100%
- Forth Property Holdings Limited 90%
- Forth Property Investments Limited 90%
- Forth Property Developments Limited 90%
- Edinburgh Forthside Holdings Limited 100%
- FP Newhaven Two Limited 100%
- Edinburgh Forthside Developments Limited 100%
- Edinburgh Forthside Investments Limited 100%
- Forth Properties Limited 100%
- Forth Energy Limited 100%
- Fife Energy (Services) Limited 100%
- Forth Energy (Pipelines) Limited 100%
- Forth Energy (Services) Limited 100%
- Forth Energy (Tilbury) Limited 100%
- Forth Energy (Retail) Limited 100%
- Forth Energy (Generation) Limited 100%
- Forth Energy (Distribution) Limited 100%
- Port of Grangemouth Security Authority Limited 100%
- Victoria Quay Limited 100%
- Forthside Limited 100%
- Forth Ports Trustees Limited 100%
- Forth Estate Management Limited 100%
- Grainfax Limited 100%
- Nordic Limited 100%
- Nordic Holdings Limited 100%
- Nordic Recycling (Lincoln) Limited 100%
- Nordic Data Management Limited 100%
- O M Holdings Limited 100%
- Oilfield Machinery Limited 100%
- OM Heavy Lift Limited 100%
- Port of London Tilbury Limited 100%
- Logistics Academy East of England Limited 100%
- Forthport Limited 100%
- FLM Realisations Limited 100%
- Leith Stevedores Limited 100%
- Cruise Edinburgh Limited 100%
- Sandpiper Road NHT 2014 LLP 33.5%
- Western Harbour NHT LLP 33.5%
Significant events
- “The year saw meaningful advancement in our support of Scotland's offshore wind sector, with the Port of Leith's new offshore renewable energy riverside berth formally opening in April and reaching a major milestone in October as we welcomed Inch Cape's first XXL monopiles.”
- “2025 was also a key year for major regeneration and Freeport-related progress. In November, the Forth Green Freeport secured full business case approval, unlocking seed capital, the next phase of investment and enabling large-scale regeneration across strategically important sites in the region.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 45 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMYTH, Pamela June | Secretary | 2012-08-31 | — | British |
| ABIDI, Azhar Ali | Director | 2020-02-11 | Feb 1968 | Australian |
| CARTER, Julia Mary | Director | 2025-01-31 | Dec 1991 | British |
| CHANG, Richard Wing-Eng | Director | 2017-01-01 | Nov 1971 | British |
| COHEN, Colette | Director | 2023-11-10 | Aug 1968 | British,Irish |
| COOPER, James Nigel Shelley | Director | 2022-08-01 | May 1961 | British |
| FEGHOUL, Feriel Hind | Director | 2024-12-10 | Aug 1984 | British |
| KYNASTON, Stephen | Director | 2018-10-10 | Jun 1978 | British |
| MACGREGOR, Stuart Alastair | Director | 2024-12-09 | Feb 1971 | British |
| OADES, Stewart | Director | 2019-10-18 | Apr 1953 | English |
| WALLACE, Stuart James | Director | 2017-01-01 | Apr 1970 | British |
| WATSON, Robin | Director | 2025-04-24 | Feb 1967 | British |
Show 45 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAMMOND, Charles Graham | Secretary | 1991-10-24 | 1996-02-22 |
| MCNEILL, Morag | Secretary | 2005-03-15 | 2012-08-31 |
| TOTHILL, John Alan | Secretary | 1996-02-22 | 2005-03-15 |
| AUBERT, Jean-Christophe | Director | 2023-09-25 | 2024-12-10 |
| AUGER, Jean-Bastien | Director | 2011-08-01 | 2017-01-01 |
| BEER, Simon Daniel | Director | 2022-01-25 | 2023-12-12 |
| BEER, Simon Daniel | Director | 2018-10-10 | 2019-12-31 |
| BROWN, Ernest Gerald Freeman | Director | 2003-09-08 | 2011-06-02 |
| BRUGNOLO, Stefano | Director | 2016-04-22 | 2018-10-10 |
| BRYAN, Michael Andrew | Director | 2019-11-04 | 2021-12-28 |
| CALLEBAUT, Diana Leigh | Director | 2018-10-10 | 2020-01-17 |
| CAMPBELL, Gordon Arden | Director | 2003-01-08 | 2003-02-03 |
| CHARBONNEAU, Patrick | Director | 2018-10-10 | 2023-07-06 |
| CLAYTON, Marie-Louise Louise | Director | 2010-01-01 | 2011-06-02 |
| COLLINS, Christopher Douglas | Director | 2000-08-01 | 2009-12-31 |
| CRAN, Carole Jean | Director | 2018-01-03 | 2024-11-08 |
| DAVY, Simon George | Director | 2018-10-10 | 2025-01-31 |
| EVERETT, Peter | Director | 1992-02-18 | 1998-08-31 |
| FLEMING, Alistair | Director | 1996-02-09 | 2001-04-11 |
| GANDY, Krish | Director | 2024-05-01 | 2024-09-16 |
| GLADING, Perry Dean | Director | 2001-06-20 | 2017-03-31 |
| GOODMAN, Russell Andrew | Director | 2011-09-22 | 2018-06-14 |
| GRAY, Simon Philip | Director | 2011-06-02 | 2018-10-10 |
| GRAY, Stuart David | Director | 2011-06-02 | 2018-10-10 |
| GUILMETTE, Bruno | Director | 2011-08-01 | 2011-09-22 |
| HAMMOND, Charles Graham | Director | 1991-10-24 | 2024-06-30 |
| HARKNESS, William | Director | 1998-03-16 | 2007-05-02 |
| HELMSLEY, Dominic James | Director | 2011-06-02 | 2011-08-01 |
| KRAWITZ, Neil Jonathan, Mr. | Director | 2011-06-02 | 2012-08-20 |
| LEGARE, Martine | Director | 2020-06-05 | 2023-09-25 |
| MARR, Graham Peter Wilson | Director | 2012-08-22 | 2017-12-31 |
| MORRISON, Alexander Charles | Director | 1991-10-24 | 2005-05-06 |
| MURRAY, William Wilson | Director | 1991-10-24 | 2011-05-06 |
| PALMER, Nicola Catharine | Director | 2011-06-02 | 2012-08-20 |
| PATERSON, Stuart Randall | Director | 2011-03-15 | 2018-01-03 |
| RICHARDSON, David Hedley | Director | 2005-06-01 | 2011-06-02 |
| ROBERTSON, Dave Duncan Struan | Director | 2003-09-08 | 2011-06-02 |
| SAMSON, Patrick | Director | 2011-08-01 | 2020-06-05 |
| SEYMOUR, Michael John Spencer | Director | 2011-06-02 | 2014-12-31 |
| SMITH, Terence Patrick | Director | 1992-02-18 | 2006-05-03 |
| SMITH (OF KELVIN), Robert Haldane, Lord | Director | 2015-01-01 | 2025-04-24 |
| THOMPSON, Hugh Macrae | Director | 1991-10-24 | 2002-05-10 |
| THOMSON, William Andrew Charles | Director | 1992-02-18 | 2000-05-26 |
| TUCKEY, James Lane | Director | 2007-07-01 | 2011-06-02 |
| WEBSTER, Graham Hodge | Director | 1995-07-26 | 2004-05-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Otter Ports Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 331 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type group | |
| 2026-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-24 | AA | accounts | Accounts with accounts type group | |
| 2025-06-23 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-05-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-28 | AA | accounts | Accounts with accounts type group | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-10 | RP04AP01 | officers | Second filing of director appointment with name |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.